The Premium Bond interest rate is to be cut. Here’s what I’d do now

first_imgThe Premium Bond interest rate is to be cut. Here’s what I’d do now Edward Sheldon owns shares in Royal Dutch Shell, Lloyds Banking Group and Legal & General Group. The Motley Fool UK has recommended Lloyds Banking Group. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. Enter Your Email Address Image source: Getty Images. Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. Edward Sheldon, CFA | Tuesday, 18th February, 2020 “This Stock Could Be Like Buying Amazon in 1997” Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge!center_img Our 6 ‘Best Buys Now’ Shares See all posts by Edward Sheldon, CFA I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. Simply click below to discover how you can take advantage of this. I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. Yesterday, NS&I announced that the ‘annual prize fund interest rate’ on its popular savings product, Premium Bonds, is set to be cut from 1.4% to 1.3%. The odds of winning a prize per £1 bond are also set to change from 24,500 to one to 26,000 to one. These changes will kick in at the start of May.This is disappointing news for Premium Bonds savers. The annual prize fund interest rate was already quite low relative to inflation and it’s set to be reduced further. So what’s the best move for savers and investors now?5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…Can you do better?Personally, I think this reduction in the interest rate could be a good excuse to ditch Premium Bonds for a better alternative, as I see them as a rather poor way of saving for the future.The thing I don’t like about Premium Bonds is that they pay no regular income. Yes, they offer savers the chance to win large cash prizes, however, the odds of winning a prize are not great and are set to get worse. This means if you have an unlucky streak, your overall returns could be very disappointing. In addition, the overall annual prize fund interest rate is less than inflation. This means that, unless you win a major prize, you’re basically going to get poorer in real spending terms, over time.All things considered, I think there are much better options for saving and investing in the UK. But what are some alternatives?Short-term savingsIf your savings goals are short-term in nature, it’s worth checking out the top savings account interest rates on offer at the moment. Right now, there are some reasonable interest rates around (2%+) from the likes of Coventry Bank and Virgin Money, although these tend to have restrictions on how much you can deposit per month. You’re not going to get rich with these kinds of accounts, but they could help you get a little more out of your money.Long-term savingsIf your savings goals are more long-term focused, I’d consider an investment in the stock market. While stocks are quite volatile in the short term, over the long run they tend to produce much higher returns from cash savings products.For example, since its inception in 1984, the FTSE 100 index – the stock market index made up of the largest 100 companies listed on the London Stock Exchange – has generated annualised returns of around 9% per year. Meanwhile, the main stock market index in the US, the S&P 500, has delivered returns of about 10% per year since 1926. These returns are far superior to those from cash savings over the long term.I’ll also point out that there are many well-known UK income stocks that offer fantastic dividend yields right now. For instance, Royal Dutch Shell shares currently offer a yield of around 7.5%. Similarly, Lloyds Bank and Legal & General shares offer yields of around 6.2% and 5.9% respectively.Picking up that kind of yield and reinvesting it to compound your money (earning a return on your past returns) could make a big difference to your wealth over time.Of course, it’s important to understand the risks of investing in the stock market. You may not get back what you invested. However, history suggests if you invest with a long-term view, you’re likely to be rewarded.last_img read more

Funding allocated to Donegal Gaeltacht for office renovations

first_img Pinterest By News Highland – February 7, 2021 Previous articleRonan Curtis stars in late Portsmouth comebackNext articleDrug driver arrested at checkpoint outside Ballybofey News Highland WhatsApp Funding allocated to Donegal Gaeltacht for office renovations Google+ Facebook News, Sport and Obituaries on Monday May 24th Funding has been allocated to the Donegal Gaeltacht for building renovations to be carried out at its Regional Offices in Gaoth Dobhair Business Park.€1.74m has been approved for enterprise building renovations in Donegal, Galway and Kerry.The works in Gaoth Dobhair will include the renovation and upgrading of a space for customers, the upgrading of lighting and reduction of energy costs as well as the upgrading of toilets and provision of toilets for people with a disability in the reception area and a new customer service space. Twitter Important message for people attending LUH’s INR clinic Twittercenter_img Facebook Harps come back to win in Waterford Journey home will be easier – Paul Hegarty RELATED ARTICLESMORE FROM AUTHOR Homepage BannerNews Google+ DL Debate – 24/05/21 WhatsApp Pinterest Arranmore progress and potential flagged as population growslast_img read more

Officers Released After Not Guilty Plea

first_imgShare:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to email this to a friend (Opens in new window),This Goes to Show you How Corrupt, The Buffalo Police are & The People as well to Support someone who Shoved an elderly Man to the Ground..I understand that the safety of the response team ,but c,mon..Use Some Common sense here ! What Damage Could he have Done to this Man! It’ Went VIRAL..they Will make an Example! Sorry !,Is this the entire video?? I heard that there was more prior to what we have seen that includes the man defying what he was told to do. Doesn’t make it right that he was pushed to the ground but if there is more video, let’s see it.,Unless he hit them or had a gun there was no excuse I don’t get you people who think like this Aaron Torgalski (left) and Robert McCabe (right).BUFFALO – Two Buffalo Police officers plead not guilty to second-degree assault after allegedly shoving a 75-year-old man to the ground during a protest this week.A crowd of fellow police officers and supporters cheered outside the courthouse Saturday as Robert McCabe and Aaron Torgalski walked out.Both were suspended after video surfaced of them shoving the man to the ground, causing his head to bleed. The incident happened after curfew during a Black Lives Matter protest outside city hall.While some have called for the police officers to be fired, McCabe and Torgalski remain suspended without pay. Both face a felony hearing July 20, due to the age of the man. They were released without bond. New York Governor Cuomo said he was sick to his stomach when he saw the incident on video.Over 50 officers resigned from the emergency response team on Friday.Buffalo’s Mayor Byron Brown said that’s because they felt pressured by the police union.last_img read more